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Money Transfer Credit Card rules

I have a virgin Money transfer credit card with a 11500 limit. I have transferred £10000 to my current account. My balance on my credit card is £10200(£200 transfer fee). If I do a balance transfer and pay off balance immediately, can I do another money transfer using the same card upto the limit? Or is it just upto the limit once? It's a virgin money credit card. This is my first credit card so not fully sure how they work. Thanks.

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Yes, if you're still within the promotional window.

    But whether you can get a second card may be the more significant issue.
  • I have been accepted for 2 other cards. HSBC matched credit card 18month 0% to build my credit history because I have never borrowed except for mortgage.

    And a Santander 27 month 0% with 0% balance transfer fee. This one to clear money transfer balance and have more time to pay back.

    My plan was to pay a lump sum into mortgage. I would save £300plus with 10k if i clear balance within 0% period thats including money transfer fee.

    Thanks for the reply.
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